Asset Management
Operators struggle to understand proppant placement beyond the fracture, and that’s the information that could be the key to boosting EUR.
High-risk, high-reward projects focused on stimulation, enhanced recovery, and field-scale deployment are eligible under the DOE’s new UNLOCK initiative.
Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
-
The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels. -
Bitumen is so viscous that the ultraheavy crude oil is often compared to peanut butter.
-
Veros Systems is selling simplicity. The electric machine monitoring company promises accurate warnings of problems long before they occur, with a minimum of monitoring equipment to install.
-
Operators have announced reduced budgets and delayed deepwater project sanctions. Despite these reductions, the long term outlook is for increased deepwater spending.
-
Project managers for megaprojects that will take years to complete require special skills to deal with the many challenges. As a result, engineering and construction firms report a shortage of project managers.
-
In a recent webinar, the speaker discussed mistakes companies make when prices are falling along with steps to help manage project costs in difficult economic times.
-
The Asia Pacific region is expected to be the fastest-growing region in deepwater development in the next 5 years.
-
During the 10-year period between 2003 and 2013, Mexico drilled 30 deep- and ultradeepwater wells in water depths ranging from 512 to 2900 m.
-
There is no question that deepwater production will play a very important part in meeting the world’s future energy demand.
-
One of the defining features of the 21st century will undoubtedly be the changing relationship between humans and automated machines.
